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AUM expansion via a high-quality adviser can enhance revenue growth and client acquisition; signals strong talent retention in a competitive field; magnitude depends on asset yields and ongoing client inflows.
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Ameriprise Financial announced the return of Ricardo Baptiste to its independent channel in Plantation, FL. After six years with Raymond James, Baptiste brings about $193 million in client assets and joins Wealth Investment Group with Zachary Rosen and Josie Felix. The hire underscores AMP's talent retention and potential AUM growth through experienced advisers, which could lift organic revenue in the near term.
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